Mortgage News
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News for: Scotsman Guide
Showing 121 - 142 of 142 results
Dec 10, 2025 5:33 PM
— Mortgage Market Trends
November mortgage lock volume hits four-year high as refinances surge
In November 2025, the mortgage industry experienced a strong month with the highest lock activity in four years. Refinance activity drove the growth, particularly rate-and-term and cash-out refinances. Purchase market faced challenges due to high home costs and limited inventory. Lenders saw stable interest rates with a slight improvement over the previous year. Product mix shifted towards governm... more
Dec 10, 2025 3:32 PM
— Interest Rates
Fed cuts rates, though three officials dissent
The Federal Reserve reduced the federal funds rate by 0.25% for the third time in a row, with concerns about labor outweighing inflation. The rate ends 2025 at 3.5% to 3.75%, in line with predictions. Job gains slowed while inflation remained somewhat elevated. There were three dissents in the rate decision. Fresh indicators hinted at a cooling job market. The dot plot showed a divergence in proje... more
Dec 9, 2025 12:32 PM
— Interest Rates
Falling interest rates spark surge in mortgage refinance retention
U.S. mortgage servicers are experiencing a high rate of retaining refinancing borrowers due to a recent decrease in interest rates, with non-bank servicers outperforming traditional banks. The market is currently seeing a surge in rate-and-term refinances, allowing borrowers to reduce their rates and save money, while second-lien home equity withdrawals have also increased. Home affordability has ... more
Dec 8, 2025 4:31 PM
— Housing Market
ROAD to Housing Act cut from defense bill, pushing reform efforts into 2026
The 'ROAD to Housing Act' aimed to address the housing affordability crisis by reducing regulatory burdens and incentivizing private capital to build more housing units. The Act had broad support from industry groups, but it was excluded from the 2026 National Defense Authorization Act, causing advocates to shift their focus to the House Financial Services Committee for further review. Despite the... more
Dec 8, 2025 1:56 PM
— Mortgage Rates
Mortgage rates to barely budge in 2026, say three major U.S. listings platforms
Mortgage rates are predicted to remain above 6% in 2026 by various economists and listing platforms like Zillow, Redfin, and Realtor.com. They all forecast modest increases in existing-home sales and low levels of new-home construction. Affordability is expected to slowly improve, driving a shift in the housing market towards buyer power.
Dec 8, 2025 1:10 PM
— Mortgage Rates
Mortgages rates to barely budge in 2026, say three major U.S. listings platforms
Mortgage rate predictions for 2026 are challenging due to various factors influencing interest rates. Zillow predicts rates above 6%, Redfin forecasts rates in the low-6% range, and Realtor.com expects rates around 6.3%. Affordability is expected to improve slightly, leading to moderate growth in existing-home sales and home prices. Overall, the housing market is predicted to see gradual improveme... more
Dec 4, 2025 4:41 PM
— Interest Rates
Lawmakers caution CFPB closure could upend benchmark mortgage rates
Four U.S. senators warned acting director Russell Vought against shuttering the CFPB, as it could disrupt the issuance of benchmark mortgage rates that lenders rely on daily. They expressed concerns that stopping the publication of APOR tables could impact loans to lower-income borrowers and skew the cost of homeownership. Vought had initially closed the agency but backtracked on shutting it down.
Dec 4, 2025 12:31 PM
— Mortgage Fraud
Government watchdog investigating Pulte’s handling of mortgage fraud referrals
The U.S. Government Accountability Office is investigating FHFA Director Bill Pulte's handling of mortgage fraud referrals which were made to the Department of Justice. The investigation was prompted by concerns raised by eight Democratic senators regarding the process followed by Pulte and potential misuse of resources. Pulte's actions have also been questioned in relation to disclosure of person... more
Dec 4, 2025 10:47 AM
— Housing Market
Fair market rents spiked 40% in the past five years
The average fair market rent (FMR) for one and two-bedroom residential units in the 50 largest U.S. metros has increased significantly in the past five years due to rising rental demand. This increase is putting pressure on renters, making it harder to save for a down payment on a home. While rent growth across the U.S. has softened in 2025, the impact of past rent hikes continues to affect househ... more
Dec 4, 2025 10:31 AM
— Mortgage Rates
Mortgage rates dip to 6.19% in second week of easing
Mortgage rates in the US have decreased, with the 30-year fixed-rate mortgage averaging 6.19% as of Dec. 4, 2025. This is a 0.04% decrease from the previous week. The rates for shorter-term loans also saw a decline. Industry experts point to a more favorable borrowing environment compared to the previous year, with rates being half a percent lower.
Dec 4, 2025 9:31 AM
— Housing Market
Northern California is home to the riskiest local real estate markets in the U.S.
The article discusses the riskiest housing markets in the U.S., with northern California having four of the five riskiest counties. Factors contributing to this risk include high rates of foreclosures and unemployment. The national median home price reached a record high in the third quarter, making it difficult for many residents to afford homes. Some areas, such as Kings County, N.Y., Santa Cruz... more
Dec 3, 2025 9:01 AM
— Housing Market
Realtor.com unveils 2026 home sales, mortgage rate predictions
Realtor.com predicts that fixed mortgage rates on 30-year home loans will reach 6.3% in 2026, with a modest increase in home sales and cooling home price appreciation. The company also forecasts improved affordability for homebuyers and renters due to inflation-adjusted home prices declining slightly and continued inventory gains.
Dec 3, 2025 4:34 AM
— Credit Scoring Models
FICO to release 10T historical data after reaching deal with FHFA
FICO Score 10T is potentially being adopted by Fannie Mae and Freddie Mac, with the Federal Housing Finance Agency releasing historical data for market participants. This follows discussions by FHFA Director Bill Pulte to include FICO 10T as an approved credit scoring model. The competition between FICO and VantageScore has intensified, with both companies promoting the superiority of their models... more
Dec 2, 2025 10:27 AM
— Mortgage Lenders
Mortgage lender profits rise, but so do production costs
In 2025, the average income per origination increased for mortgage lenders, but so did the costs to produce each loan. Mortgage loan production costs were around $11,800 in the second quarter, showing improvement from previous quarters. Despite rising production expenses, lenders saw per-unit revenue increase as well. The Mortgage Bankers Association reported that average loan production costs rem... more
Nov 24, 2025 8:32 AM
— Housing Market
Fannie Mae forecasts lowest rate of existing-home sales in three decades
Fannie Mae's forecast suggests existing-home sales in 2025 may be lower than in 2024, despite recent improvements. Mortgage origination volumes fell in the third quarter due to affordability pressures. However, single-family mortgage originations are expected to increase in 2025 and subsequent years. National home price growth is projected to moderate over the next few years, with existing-home sa... more
Nov 24, 2025 4:32 AM
— Mortgage Originations
Overall mortgage originations fall in third quarter
Third-quarter mortgage originations on one- to four-unit residential properties saw a 1.6% decline on a unit basis but a 1.9% increase year over year. Purchase originations fell while refinance and HELOC volumes showed growth. Major markets with populations exceeding 1 million experienced significant drops in purchase originations, while western New York cities and others saw strong purchase growt... more
Nov 24, 2025 4:31 AM
— Mortgage Rates
Purchase mortgage application payments continue steady decline in October
In October, the national median monthly payment applied for by homebuyers seeking a mortgage decreased to $2,039, marking the fifth consecutive monthly decline. The Purchase Applications Payment Index (PAPI) reached its lowest level since March 2022, indicating improving borrower affordability conditions influenced by lower mortgage rates, higher household earnings, and cooling home price growth.
Nov 24, 2025 4:31 AM
— Interest Rates
Mortgage demand faces interest rate headwinds
Mortgage demand decreased as interest rates rose for the third consecutive week. The refinance index fell, purchase index dropped, and potential homebuyers are being deterred by higher rates.
Nov 12, 2025 8:46 AM
— Mortgage Lending
VA loan utilization rates low in key metros
VA loans for U.S. military veterans provide access to homeownership with no money down, helping first-time buyers attain homeownership faster than conventional alternatives. However, only 1 in 5 homes nationwide is affordable to veterans. The share of listings affordable to veterans using VA loans is at a record low, but they still have a distinct advantage with 0% downpayment. VA loans can shorte... more
Nov 12, 2025 8:46 AM
— Interest Rates
December rate cut is officially a toss-up
The article discusses the uncertainty around the Federal Reserve's potential interest rate cut in December, with odds currently at 50-50. Different Fed officials have varying views on the need for further monetary easing, with some advocating for holding rates steady and others favoring jumbo rate cuts.
Nov 10, 2025 4:31 AM
— Mortgage Rates
Banner week for mortgage purchase applications
Borrowers submitted home purchase applications at a fast pace, with mortgage demand cooling slightly after a brief rebound. Mortgage rates have risen slightly after the Federal Reserve's rate reduction. Refinances still make up the largest share of total mortgage activity but saw a decrease due to higher rates. The FHA share of total applications increased, while the ARM share of activity decrease... more
Jun 24, 2025 1:00 PM
— Government-Sponsored Enterprises (GSEs)
Making sense of the Fannie Mae and Freddie Mac privatization rumors
Speculation has arisen about what the process of potentially privatizing Fannie Mae and Freddie Mac could look like, after President Donald Trump expressed interest in 'bringing Fannie Mae and Freddie Mac public.' Many questions have been raised about how the mortgage market, interest rates, capitalization, and government compensation would be impacted by such a move. There is a need for a thought... more
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All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 800 lenders. LoanGlass does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.